TNT Foundation

Analysis

TNT Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TNT Foundation reported income of $99k and spending of $91k, spending 91% of its income. Across the 4 years on record, from December 2017 to December 2023, income fell from $360k to $99k (-72%), an average of -35% a year. The sharpest change came in the year to December 2019, when income dropped by 50%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TNT Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Aircraft Casualty Emotional Support Services Inc ($99k), Meals on Wheels of Wappingers Falls ($100k) and Pink Hill Area Preservation and Development Committee ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $52k against liabilities of $114k, net assets of -$62k.